A limited company usually pays Corporation Tax on the profit, known as a chargeable gain, when it sells or otherwise disposes of…

HMRC has been consulting on proposals to modernise the tax rules governing distributions and repayments of capital from companies. The consultation was…

The rate of Corporation Tax payable depends mainly on the level of a company’s taxable profits. The main rate is 25% and…

A company does not have to be formally closed to become dormant for Corporation Tax. A company is usually considered dormant if…

Companies and other organisations that are liable for Corporation Tax must ensure they register with HMRC at the correct time. Failing to…

If your company makes a trading loss, it may be able to claim relief to reduce its Corporation Tax liability. Trading losses…

The term permanent establishment (PE) is an important tax concept for businesses that operate across international borders. In simple terms, it determines…

Research and Development (R&D) tax relief is designed to support companies that invest in innovation and seek to make advances in science…

Many businesses take out “key person” insurance policies to protect against the financial impact of losing an important employee, director or other…

Those responsible for the accounts and tax compliance of private limited companies must ensure they are fully aware of the relevant obligations…